371 River St Haverhill, MA 01832
- Commercial real estate
- 5,000 SF
Current Use by Public Records
- Vintage View Inc. / Antique Store / Consignment Shop
- Brick by Brick Training Systems / Fitness Center
Property Details for 371 River St
- Year built
- 1880
- Property size
- 5,000 SF
- Property type
- Commercial real estate
Description
This established antique shop in Haverhill, MA, offers a unique opportunity for ownership. Located in a beautifully restored 1880s tannery mill building on River Street (Rt. 110), this 5,000 square foot business boasts a loyal customer base and significant growth potential. The current owner, retiring after 12 successful years, is selling the business including all shop-owned merchandise, 12 vintage display cases, furnishings, rugs, and a GoAntiquing! POS system. The shop currently operates with a dozen dealers, but there's room to expand to 80-100 vendors. The second floor provides additional space for expansion. The property features two loading docks, dedicated parking, and ample on-street parking. A reasonable monthly rent of $2,400 with a 5-year lease option ensures financial stability. Low operating costs contribute to a healthy profit margin. This prime location attracts both local residents and visitors, making it a destination for antique enthusiasts and shoppers. Included in the sale is an exquisite 1880s piano and an extensive jewelry collection. This turnkey operation is perfect for entrepreneurs or investors seeking a successful retail venture in a thriving community with an appreciation for history and unique finds. The asking price is $175,000 ($35/sq ft). The permitted zoning is commercial, and the property is owned as a sole proprietorship.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Haverhill
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.0966321
- Latitude
- 42.7662849